What to Remember About FHA Appraisals

FHA appraisals adhere to a higher standard of inspection but that does make them, in any way, a home inspection. There are three key words to know when getting you home ready for an FHA appraisal... health, safety and soundness.

You do not have to worry about a cracked window pain but expect it to be noted under deferred maintenance in the report. Be aware that if you house was built prior to 1978 then all peeling paint will have to rectified prior to closing. These are the two most common questions that get asked.

Even though www.hud.gov is an excellent resource for all FHA related questions; the question to ask is, if this defect affect the "health" or "safety of the new occupant, or will this defect affect the "soundness" of the structure.

For example a broken downspout will effect water drainage and will therefore have to be repaired. A hand rail is not mandatory on stairs anymore, but if the stairs are really steep it could effect the occupants safety and therefore would be required. Electrical covers must be placed on all outlets correctly. The later appears to be a very common defect. However GFI outlets are no longer required.

Remember that if you live in a condo, spot approval is possible, however the association will be required to have reserves.

A really important mention for all homeowners is that the appraiser will have to put at least "his head and shoulders" in the attic and crawl space. So please make sure access is possible.

All appraisals require interior photographs, the appraiser does not care about clutter, he is taking pictures of walls, floors and any features, etc. However a room filled with "storage" is not acceptable and will be asked cleared as this poses a clear fire risk. Same applies to excess "storage" in the basement.

If anyone has any questions then they are always free to call.